By P. D. Pius, Esq.
In the high-stakes arena of Nigerian politics, ambitious aspirants often spend millions on campaigns, consultation tours, and party primaries. Yet, many leave behind a trail of unpaid debts. These ranges from unpaid campaign strategists and contractors to neglected legal fees owed to their own lawyers.
If you are a politician currently owing money while eyeing a political office, this is easily the worst time to play hide-and-seek with your creditors.
Under Section 126 of the Bankruptcy Act, any creditor can leverage legal machinery to file a bankruptcy application against a debtor.
When targeted at an aspiring candidate, a formal declaration of bankruptcy…